FedEx Cutting Up to 2,000 Employees in Europe [Yahoo! Finance]
FedEx Corporation (FDX)
Last fedex corporation earnings: 3/17 04:03 pm
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US:NYSE Investor Relations:
fedex.com/us/investorrelations
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Source: Yahoo! Finance
The Memphis, Tenn.-based courier aims to reduce headcount across FedEx back-office and commercial teams by 1,700 to 2,000 employees. According to the company, some roles will be axed entirely, while certain operations will be consolidated in countries that are best aligned with its demand needs and existing real estate footprint. More from Sourcing Journal Esprit Execs Address Widespread Downsizings and the Brand's Future Senators Admonish Amazon for 'Evasive' Response to DSP Program Inquiry Forward Air Could Have More Activist Investor Drama on the Horizon These changes will not affect FedEx customers, or the company's delivery service. According to several reports, 385 employees working at the Brucargo freight airport in Belgium were among the cuts. FedEx employs approximately 1,000 people at the site. “FedEx is transforming to best match changing market dynamics and meet the needs of our customers,” said Richard Smith, chief operating officer, international and CEO,
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News
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- FedEx Co. (NYSE: FDX) was upgraded by analysts at Wells Fargo & Company to a "hold" rating.MarketBeat
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- Did FedEx Corporation (FDX) Maintain a Strong Financial Position in Q1? [Yahoo! Finance]Yahoo! Finance
FDX
Earnings
- 3/21/24 - Beat
FDX
Sec Filings
- 6/12/24 - Form 8-K
- 4/26/24 - Form 8-K/A
- 4/9/24 - Form 4
- FDX's page on the SEC website